Prince William Sound Aquaculture Corporation

Nonprofit profile at a glance

EIN
920047772
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Cordova, AK, USA
Phone
9074247511
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$18,649,215
Expenses
$17,478,986
Assets
$45,026,094
Liabilities
$14,889,977

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

46 people listed

Executive titles in this filing

  • GEOFFREY P CLARK (CEO/GM)

Highest reported compensation

  • GEOFFREY P CLARK (CEO/GM): $236,029 total reported compensation
  • MARGIE C UDANI CALAUSTRO (FINANCE DIRE): $204,331 total reported compensation
  • STEPHEN HILTON (PRODUCTION M): $184,706 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rehabilitation and development activities to create and sustain viable economy through natural resources while completing management contracts with the state of Alaska for construction and operation of salmon hatcheries in furtherance of fishery development and maintenance.

What it reported doing in 2025

Program services - provided fisheries rehabilitation, enhancement, and development activities in the prince william sound and the copper river region of Alaska.program services are the cost that directly relate to each indivdiual hatchery for the fish culture maintenance and adminstration of the hatchery. The hatcheries and the cost associated with each hatchery are as follows: armin f koernig hatchery - 2,589,135 wally noerenberg hatchery - 3,294,871 cannery creek hatchery - 2,273,675 main bay hatchery - 2,040,633 gulkana hatchery - 940,454

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 74
  • Accountability: 86
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.8%; rating input score 57
  • Program expense ratio: 63.7%; rating input score 64
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.3%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 2.58; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: 3.6% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 56.8% of revenue deployed · 63.7% of spending went to programs
  • Governance: 40 of 40 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $11.1M in reported program spending
  • Leadership: top reported pay $236K · 46 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.5M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.